UAE stock markets should be unified. It would be to the long-term benefit of the Emirates if the two exchanges in Dubai and the one in Abu Dhabi were merged into a single entity.
It would consolidate and extend the lead the UAE already has as the best hub in the Middle East, and it would be of substantial benefit to the country's economy and its future development.
I can say that with conviction, and I would find it difficult to find a financial professional in the UAE to disagree. But Jeff Singer, the chief executive of Nasdaq Dubai, the UAE's international exchange, cannot say it.
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